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Inflation and output dynamics in a model with labor market search and capital accumulation
Heer, Burkhard; Maußner, Alfred - 2007
response to an interest shock is found to be too large and no longer hump-shaped in this case. In addition we find that the … response of output to a technology shock can only be reconciled with empirical findings if either the adjustment of the …
Persistent link: https://www.econbiz.de/10010275797
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Population, pensions, and endogenous economic growth
Heer, Burkhard; Irmen, Andreas - 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10010264503
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Business cycle dynamics of a new Keynesian overlapping generations model with progressive income taxation
Heer, Burkhard; Maußner, Alfred - 2006
. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are … hours in the OLG model decrease in response to a positive technological shock, since for young workers the income effect …
Persistent link: https://www.econbiz.de/10010261430
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Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019) -
Heer, Burkhard; Irmen, Andreas - 2019
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...
Persistent link: https://www.econbiz.de/10012052836
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Explaining the Decline in the US Labor Share: Taxation and Automation
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022
This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...
Persistent link: https://www.econbiz.de/10013353387
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Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019)
Heer, Burkhard - 2019
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital. Traditional capital and labor are imperfect substitutes...
Persistent link: https://www.econbiz.de/10012866317
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Explaining the Decline in the US Labor Share : Taxation and Automation
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022
This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...
Persistent link: https://www.econbiz.de/10014082792
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Unemployment and debt dynamics in a highly indebted small open economy
Heer, Burkhard; Schubert, Stefan Franz - 2011
The paper analyzes the dynamic effects of a total factor productivity shock and an interest rate risk premium shock in … bargaining are introduced. We find that a negative total factor productivity shock primarily has effects on the economy … significantly reduces the initial response of the unemployment rate. In case of a temporary productivity shock, sticky wages imply …
Persistent link: https://www.econbiz.de/10010274776
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Inflation and Output Dynamics in a Model with Labor Market Search and Capital Accumulation
Heer, Burkhard; Maussner, Alfred - 2021
response to an interest shock is found to be too large and no longer hump-shaped in this case. In addition we find that the … response of output to a technology shock can only be reconciled with empirical findings if either the adjustment of the …
Persistent link: https://www.econbiz.de/10013316997
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The Burden of Unanticipated Government Spending
Heer, Burkhard; Scharrer, Christian - 2016
We study the impact of a government spending shock on the distribution of income and wealth between cohorts in a …
Persistent link: https://www.econbiz.de/10011480459